In its first month of operations, Concord Company made three purchases of merchandise in the following sequence: (1) 350 units at $7, (2) 410 units at $8, and (3) 240 units at $9. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Concord uses a periodic inventory system. FIFO LIFO Cost of the ending inventory